NIFTY 50 for tomorrow -04 November 2022Nifty Opens Gap down
Took support around 17950 levels.
Closed near Day's high
What's for tomorrow
The range for tomorrow: is 17950 - 18180
Immediate support 17950- 17940, likely hold the price for a while.
Immediate Resistance 18050 - 18070
Above 18100, it could move towards yesterday's high i.e 18160-18180
Niftyindia
NIFTY FOR TOMMOROW - 03-Nov- 2022Nifty closed at 18082.
Opens Gap up
Open high almost the same
Closed near day's low
Formed Dark Cloud Cover Candle.
Daily chart support @ 17940 -17950
Immediate support @ 18060-18070
Intraday resistance for tomorrow @ 18100-18080
What's for tomorrow
Opening below or resisting 18100-18090 , nifty can move towards 17960-17940
NIFTY FOR TOMMOROW - 02-Nov- 2022Nifty opens Gap up today - continued yesterday's move.
Formed an Indecisive candle above the resistance zone.
Tomorrow Expectation:
High Chances of a Gap up or Gap down the opening.
The gap-up opening can open up more space on the upside and nifty can move towards 18250- 18270 levels.
In case of Gap down opening above 18060 levels, nifty will still try to move higher.
Gap down opening below 18060, wait for a positive price action to initiate any trade on the long side.
NIFTY50 The trend line drawn has been a constant resistance since October 2021. The market has tried to break the resistance four times and has failed each time. If this time the resistance does not break that too with high volumes, we'll probably witness a fall again.
A fall till 174000 level could be seen and in worst case scenarios it could go down till 16815.
P.S.- Please feel free to correct me , I'm just a new trader sharing my views.
Nifty Levels & Strategy for 31/Oct/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
NIFTY
Nifty traded within a range & performed as expected. Profit booking was done at higher levels and buying emerged at lower levels. US market clsoed in green. SGX Nifty closed almost 200 points up. Is Nifty is getting ready to cross 18K amid ongoing global issues (Key issues to be considered are US FED hike in Nov & RBI's corrective action). Is sell on rise & buy on dips working????? However, please do review the following Nifty scorecard data which will give you clear idea about long & short positions in Calls & Puts.
NIFTY SCORECARD DATED 28/OCT/2022
NIFTY IS UP BY 50 POINTS
Name Price Previous Day Change % Change
Nifty 17787 17737 49.85 0.28%
India VIX 15.92 16.60 -0.68 -4.07%
OPTION STATISTICS BASED ON 03/NOV/2022 EXPIRY DATA
Max OI (Calls) 18200 (Open Interest: 4977800, CE LTP: 9.4)
Max OI (Puts) 17700 (Open Interest: 4514950, PE LTP: 85.8)
PCR 0.92 (PCR is in bearish zone)
Nifty Calls:
ATM: Long Buildup, OTM:Short Buildup, ITM:Short Covering, FAR OTM:Short Buildup
Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Nifty Levels & Strategy for 28/Oct/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
NIFTY
Today global cues were positive. Today Dow Jones is trading in green & Nasdaq is trading in red. Please do check global market indices tomorow morning before finalizing your trading strategy. Dollar index is coming down which is quite good for global markets. As expected once again bulls as well as bears got the opportunity with sufficient time to trade & book the profit. Specially retails traders enjoyed the profit due to up move. Big players are light and have started on a positive note for Nov series. FIIs are high bullish & added bullish positions in F&O contracts. Tomorrow, also we should continue to booking profit at higher levels and buy the strength in only monthly option (not in weekly options) therefore you get enough of opportunities to adjust your trades in coming weeks.
Shall we continue do profit booking near lifetime high? Yes, we should.
Shall we continue to buy on dips & sell on rise with strict SL? Yes, I think so. Please do share your thoughts.
NIFTY SCORECARD DATED 27/OCT/2022
NIFTY IS UP BY 81 POINTS
Name Price Previous Day Change % Change
Nifty 17737 17656 80.60 0.46%
India VIX 16.60 16.88 -0.28 -1.67%
OPTION STATISTICS BASED ON 03/NOV/2022 EXPIRY DATA
Max OI (Calls) 18400 (Open Interest: 4062000, CE LTP: 4.2)
Max OI (Puts) 17700 (Open Interest: 2949950, PE LTP: 117.8)
PCR 0.83 (PCR is in bearish zone)
Nifty Calls:
ATM: Long Buildup, OTM:Short Buildup, ITM:Long Buildup, FAR OTM:Short Buildup
Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
17650 - 17800 is a consolidation zone Clearly the Index is moving in a HH pattern and taking support in the lower trend line. since last 2 days index is trading in a range of 150 points where sellers trying hard to push the index down, instead of positive global cues index closing lower after opening at higher levels but unable to break the range hence its creating a range which may act as strong support if index sustains above 17800.
Resistance - 17915, 18k,
Support - 17650, 17500
Nifty Levels & Strategy for 27/Oct/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
NIFTY
Today global cues are positive. Let us reconfirm it tomorrow morning again. Profit booking in Nifty at higher is quite obvious. Big players have significantly reduced their existing long as well as short positions in F&O contracts. Today US markets are really doing well. However, retail traders need to be cautious in Nifty near major resistance levels. PLEASE NOTE THAT VOLATILITY IS LIKE TO GROW IN COMING WEEKS DUE TO ANOTHER US FED HIKE IN FIRST WEEK OF NOVEMBER. KEEP USING POSITIONS HEDGED & DON"T GET CARRIED AWAY.
Our trading decision should be logical & based on data. Market is quite volatile and almost daily offering nice trading opportunities to Bulls as well as Bears. Traders who working patiently and waiting for right levels, good quality trade setup are getting regularly getting rewarded.
Shall we continue do profit booking near lifetime high? Yes, we should.
Shall we continue to buy on dips & sell on rise with strict SL? Yes, I think so. Please do share your thoughts.
NIFTY SCORECARD DATED 25/OCT/2022
NIFTY IS DOWN BY -74 POINTS
Name Price Previous Day Change % Change
Nifty 17656 17731 -74.40 -0.42%
India VIX 16.88 17.42 -0.54 -3.11%
OPTION STATISTICS BASED ON 27/OCT/2022 EXPIRY DATA
Max OI (Calls) 18000 (Open Interest: 11297000, CE LTP: 2.1)
Max OI (Puts) 17500 (Open Interest: 6724600, PE LTP: 20)
PCR 0.78 (PCR is in bearish zone)
Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Long Liquidation
Nifty Puts:
ATM: Short Covering, OTM:Short Buildup, ITM:Long Buildup, FAR OTM:Long Liquidation
Nifty & Bank Nifty Support/Resistance levels on 25 OctGood morning 🌞
Have a profitable day 💰👍🏻
Morning Market Update 25 Oct 2022
SGX NIFTY is indicating a gap up opening
- SGX NIFTY is trading at 17790
- US futures are in Flat Red
- ASIAN Market is in Green
- USDINR at 82.75
In Nifty 17500 PE and 17700 CE
Also added OI at Far OTM 18000 CE
have high Open Interest in weekly
In BankNifty 40500 PE and 41000 CE
Also added OI at Far OTM 39500 PE and 40000 PE
have high Open Interest in weekly
Hong Kong Stocks Were Volatile While Mainland China Markets Continued To Slide Tuesday With Investor Sentiment Turning Following The Conclusion Of The China’s Party Congress And The Release Of A Slew Of Delayed Economic Data, While Other Major Asian Markets Rose After Wall Street’s Second Straight Positive Session; ASX 200 (+0.19%), Nikkei 225 (+0.81%), KOSPI (+0.04%)
Stocks Ban In F&O: NIL
Nifty Levels & Strategy for 25/Oct/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
NIFTY
Today global cues were positive on special occasion of Diwali 2022 Muhurat trading. Nifty closed 154 points up. It will be very interesting to see where Nifty will be able to sustain at higher levels amid several global issues. Big players have taken bullish positions. We have also seen decent profit booking at higher levels. We have seen lot of actions in just one hour of Muhurat trading. Nifty is looking positive.
Shall we do profit booking at higher levels? Yes, we should.
Shall we continue to buy on dips & sell on rise with strict SL? Yes, I think so. Please do share your thoughts.
NIFTY SCORECARD DATED 24/OCT/2022
NIFTY IS UP BY 154 POINTS
Name Price Previous Day Change % Change
Nifty 17731 17576 154.45 0.88%
India VIX 17.42 17.28 0.14 0.82%
OPTION STATISTICS BASED ON 27/OCT/2022 EXPIRY DATA
Max OI (Calls) 18000 (Open Interest: 10286850, CE LTP: 9.3)
Max OI (Puts) 17000 (Open Interest: 7897000, PE LTP: 3.35)
PCR 1.02 (PCR is in sideways zone )
Nifty Calls:
ATM: Long Buildup, OTM:Long Buildup, ITM:Short Covering, FAR OTM:Short Buildup
Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Nifty 50 Chart analysisThe green trade line is support zone and red is rasistance zone.
Ager market Flat open hota hai toh hum buy side mai jayenge .
1st target 17720 aur 2nd target 17780.
Aur ager market bada gap up open hua toh 17900 ka target.
aur ager gap down open hua toh 17420 ke niche selling karenge.
NIFTY 50, WAVES AND MOVEMENT!!FIRST, nifty used to give about 12-14%, but after the corona's bull run, nifty will give about 15-16% returns. (i have drawn the major black trend line to support my point).
2. i have drawn the corrected consolidating part for the nifty, after its corona's bull run(5 waves).
3. have a good look at MA 100(blue colour), it has touched it on 20th June and did not broke it.
ADDING ON, since the consolidated waves have been completed, after it touched the MA 100, it gave a bull run and went to the top of major nifty 50's trend line. this proves that INDIA is not in a recession.
4. look at the red trend i have drawn, nifty has broken it already two times, and this week it almost broke it the 3rd time, so breaking the LOWER HIGHS, concluding again that INDIA is not in a recession.
5. i have just drawn an extended part of MA100, for view, have a look about the US MAKRETS RECESSION AND INDIA NOT IN A RECESSION, AND EVEN BASED ON THE TREND LINE.
6, what does the arcs tell me:
US is mostly gonna have a recession, if they are having a cough, all will catch a cold. US MARKETS, could fall about 10%, and most likely INDIAN MARKETS will fall around 5-7%. but yes, after that there would be a new beginning, and i have drawn a path of it ina orange colour.
ARCS tell that there would be a H&S PATTERN occurring, defining that US too would have a crash around that time(around 25th oct- 14th nov).
the fresh start will begin from (around 14th- 12th dec).
one more possibility of this could be, that nifty could once again touch the MA100 at the time of US having correction, and then a fresh starts begin.
i conclude my analysis by saying, I BET ON INDIA TO BE BULLISH!!
SEE YOU IN MY NEXT ANALYSIS!!
(DO CHECKOUT THE LINKS SECTION)
Nifty and Bank Nifty Levels for 21 OctGood morning 🌞
Have a profitable day 💰👍🏻
Morning Market Update 21 Oct 2022
SGX NIFTY is indicating a Flat opening
- SGX NIFTY is trading at 17496 down by -24 points
- US futures are in Red
- ASIAN Market is in Red
- USDINR at 82.82
In Nifty 17500 PE and 17500 CE
Also added OI at Far OTM
have high Open Interest in weekly
In BankNifty 40000 PE and 40000 CE
Also added OI at Far OTM
have high Open Interest in weekly
Asia-Pac Equity Markets Begin Subdued As The Region Takes Its Cue From The Negative Lead From The US Where Stocks Reversed Initial Gains Amid Continued Upside In Yields; ASX 200 (-0.9%), Nikkei 225 (-0.4%), KOSPI (-0.2%)
Stocks Ban In F&O: Bhel, Delta Corp, Indiabulls Hsg, India Cement, Zeel
STOCKS TO WATCH: AXIS BANK, TATA CONSUMER, COFORGE, UBL, ITC, L&T FIN, HAL, DYNAMATIC TECH, DIXON TECH, ICICI SEC, UTI AMC, KEI IND, SUZLON, IEX, BAJAJ FINANCE, SHRIRAM TRANSPORT, AARTI DRUGS
Earnings Today: Amber Ent, Ambuja Cements, Atul, Bajaj Finserv, Bajaj Hold, Birla Soft, Car Trade, Century Enka, Chalet Hotels, CreditAccess, CRISIL, CSB Bank, DLF, Finolex Ind, Garware Technic, Glenmark Life, GNA Axles, HDFC Life, Hind Zinc, HUL, IDBI Bank, IRB Infra, JK Bank, JSW Steel, Jubilant Pharmo, Kewal Kiran, Kokuyo Camlin, Laurus Labs, Meghmani Organic, Motilal Oswal, Nacl Ind, PNB Gilts, Poonawalla Fin, Ramkrishna Forge, Rane Madras, Rattan Power, Reliance, Route, S H Kelkar, Sasken Tech, SBI Life, Shanti Gears, Sharda Crop, Tata Steel Long, Tejas Networks, Tips Ind, Torrent Pharma, United Spirits, Vip Ind
NIFTY 50 for tomorrow - 21 October 2022Nifty opens the gap down below the support of 17500 and moved all the way to 17421-17400 to find the support.
It formed a bullish candle at the support indicating strength in the index and moved all the way to 17600 levels.
For tomorrow if it opens gap up above 17600, it might move towards 17700-17720.
Though if it opens flat or gaps down, it might test 17400 again.
So the nifty does look sideways
upper range: 17600
lower-range 17400
For me buy on dips near support levels
Nifty and Bank Nifty Levels for 20 Oct 2022SGX NIFTY is indicating a Gap down opening
👉 SGX NIFTY is trading at 17350 down by 153 points
👉 US futures are in Red
👉 ASIAN Market is in Red
👉 USDINR at 83.00
In Nifty 17000 PE and 17600 CE have high Open Interest in weekly
In BankNifty 40000 PE and 40500 CE have high Open Interest in weekly
Asia-Pac Equity Markets Are Negative Following The Weak Handover From Wall St Owing To The Higher Yield Environment As Global Inflationary Headwinds Offset Earnings Momentum; ASX 200 (-1.0%), Nikkei 225 (-1.1%), KOSPI (-0.6%)
Stocks Ban In F&O: Bhel, Delta Corp, Indiabulls Hsg, India Cement, Zeel
Earnings Today: Aarti Drugs, Aavas Financier, Asian Paints, Axis Bank, Bajaj Finance, Bharat Wire, Canara Bank, Central Bank, Coforge, Colgate, Control Print, Dixon Tech, Embassy Office, Eris Life, Eris Life, Granules India, Guj Ind Power, Happiest Minds, ICICI Sec, ICRA, IEX, ITC, KEI Ind, L&T Finance, Lakshmi Machine, Mastek, Meghmani Fine, Menon Bearings, Mphasis, Nath Bio-Genes, Nazara Tech, Nelco, Som Distilleries, Symphony, Tanla Platforms, Tata Consumer, Union Bank, United Breweries, UTI AMC, Zensar Tech
STOCKS TO WATCH: KAVERI SEED, FILATEX INDIA, AU SMALL, MAH SCOOTERS, PERSISTENT SYSTEMS, JINDALSTEL, NLC, METRO BRANDS, RALLIS INDIA, INDUSIND BANK, NIPPON LIFE, SHOPPERS STOP, KOTAK BANK, TATA MOTORS, MAX FIN, BEL, IIFL WEALTH, DCM SHRIRAM, HAVELLS, SAGAR CEMENTS, RCF, LUPIN
Nifty Weekly ChartA trendline from the last year's 2021 October highs is where Nifty is facing resistance right now.
Once this is crossed then the immediate resistance will be recent highs which is at 18100.
If it couldn't sustain then Nifty might see 16300 again.
This week's closing candle can give us a clear picture of the upcoming Nifty move.
Watch out for upcoming moves.
NSE:NIFTY